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Sovereign Wealth Fund: Senate invites CBN to explain differential exchange rates for projects

The Senate Committee on Finance has invited the Central Bank of Nigeria (CBN) to explain the rationale behind the exchange rates it used for three key projects under the Presidential Infrastructure Development Fund (PIDF) being funded by the Nigeria Sovereign Investment Authority (NSIA) across the country. The PIDF is earmarked from dollar denominated Sovereign Wealth […]
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Senate assures maritime sector of adequate funding

The Senate Committee on Marine Transport has acknowledged the strategic importance of the maritime sector to the economic prosperity of Nigeria. This is as it assured the sector of adequate budgetary provisions on yearly basis. Giving the assurance at a media chat during the weekend, the Chairman of the Committee, Senator Mohammed Danjuma Goje (APC/Gombe […]
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Senate probes invasion of A’Ibom Assembly

…Okays 9 new federal institutions, Olukorede as EFCC Secretary The Senate Committee on Police Affairs headed by Senator Tijjani Kaura (APC Zamfara North) was on Wednesday mandated by the upper Chamber to urgently investigate the alleged invasion of the Akwa Ibom State House of Assembly by suspected thugs on Tuesday and report back within 48 […]